Trial now
STIR

Effective Fed Funds Rate

CZECHIA

CZKJPY Settles Slightly Above 5

FRANCE T-BILL AUCTION RESULTS

12/21/47/51-week BTFs

WTI TECHS

Inverted Head And Shoulder In WTI?

BONDS
BONDS: Key points of note from J.P.Morgan's latest European client survey,
conducted yesterday:
- Multi-currency European real money investors in EGBs modestly added to their
longs (from +0.15 years to +0.17 years). Exposure back to the longer end of the
range observed since early '16.
- Single-currency European real money investors in EGBs also added long duration
exposure (from +0.38 years to +0.44 years).
- Investors modestly added to their bullish intra-EMU tightening exposure (52%
net long vs. 48% prev.). Their current exposure is towards the most bullish end
of the range since '16 but still short of the peak at the start of QE (80%).
- European multi-currency investors in U.S. Tsys remain long (from +0.08 years
to +0.07 years).
- Single-currency investors in GBP turned broadly neutral (from +0.05 years to
-0.01 years). UK real money investors have typically been short or neutral GBP
duration over the past few years.
- N.B. "years" measurement represents deviation from respective benchmarks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com